Earnings To Watch: Ferroamp AB (OSTO:FERRO) Reports Q3 2024 Result

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Nov 06, 2024

Ferroamp AB (OSTO:FERRO, Financial) is set to release its Q3 2024 earnings on Nov 7, 2024. The consensus estimate for Q3 2024 revenue is $77 million, and the earnings are expected to come in at -$0.32 per share. The full year 2024's revenue is expected to be $268 million and the earnings are expected to be -$1.58 per share. More detailed estimate data can be found on the Forecast page

Ferroamp AB (OSTO:FERRO, Financial) Estimates Trends

Over the past 90 days, revenue estimates for Ferroamp AB (OSTO:FERRO) have remained steady at $268 million for the full year 2024. For 2025, the revenue estimates have increased from $396 million to $402 million. Earnings estimates have also remained constant at -$1.58 per share for the full year 2024 and at $0.01 per share for 2025.

Ferroamp AB (OSTO:FERRO, Financial) Reported History

In the previous quarter of 2024-06-30, Ferroamp AB's (OSTO:FERRO) actual revenue was $47.96 million, which missed analysts' revenue expectations of $64 million by -25.06%. Ferroamp AB's (OSTO:FERRO) actual earnings were -$0.78 per share, which missed analysts' earnings expectations of -$0.44 per share by -77.27%. After releasing the results, Ferroamp AB (OSTO:FERRO) was down by -23.42% in one day.

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Ferroamp AB (OSTO:FERRO, Financial) 12 Month Price Targets

Based on the one-year price targets offered by 1 analyst, the average target price for Ferroamp AB (OSTO:FERRO) is $10 with a high estimate of $10 and a low estimate of $10. The average target implies an upside of 98.41% from the current price of $5.04.

Based on GuruFocus estimates, the estimated GF Value for Ferroamp AB (OSTO:FERRO, Financial) in one year is $42.41, suggesting an upside of 741.47% from the current price of $5.04.

Based on the consensus recommendation from 1 brokerage firm, Ferroamp AB's (OSTO:FERRO, Financial) average brokerage recommendation is currently 3.0, indicating a "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.

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This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.